The following statement was given today in the House of Assembly the Honourable Shawn Skinner, Minister of Natural Resources:

Public Consultations Concluded for Development of Provincial Minerals Strategy

I rise today in this Honourable House to provide an update on the development of the Provincial Minerals Strategy.

In keeping with the Provincial Government’s commitment to responsible, sustainable development of Newfoundland and Labrador’s mineral resources, public consultations on the development of a Minerals Strategy have been completed. These consultations, held with industry and other key stakeholders, helped identify areas of interest as we move ahead with the strategy’s development.

I am pleased to report that close to 120 people attended the 14 sessions held in communities throughout the province. Two workshop sessions were also held in April, and involved industry and environmental representatives. The first session focused on the environment and sustainable mining practices, while the second session addressed exploration incentives, industry assistance, and the streamlining of regulatory processes to ensure that we continue to have a competitive business climate that encourages investment and exploration. Consultations were held with the Nunatsiavut Government and the Innu Nation. We also received 31 private submissions which can be viewed online. I thank all participants for their valuable input which will help to strengthen the strategy’s development.

A Minerals Strategy will help to ensure long-term industry viability by supporting exploration and development. It will help us determine how best to attract investment and interest into the province, while providing further clarification to companies and investors interested in doing business in Newfoundland and Labrador.

Our province’s mining industry is a major contributor to our economy, representing more than 10 per cent of the province’s Gross Domestic Product. In 2011, the forecasted gross value of mineral shipments is $4.8 billion with exploration expenditures expected to be $127 million. The industry provides meaningful employment of over 5,000 person years in Newfoundland and Labrador, particularly in our rural communities. Employment is expected to increase this year as a result of more opportunities becoming available at mining operations throughout the province.

We need to have a solid long-term plan in place to capitalize on the economic and employment opportunities associated with this industry. A Minerals Strategy will focus on creating additional employment opportunities, the sustainable development of our non-renewable mineral resources, and environmental protection, while contributing to future growth and success in the best interest of the people of the province. I look forward to the continued work on the development of this strategy.

2011 05 19                                                                            1:45 p.m.